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- Fuel and Freight Daily Update - 7/8/25
08/02/2025
All pricing reflects end‑of‑day settlements from July 7th, 2025
Futures Market Settles
WTI (Aug): $67.93 ▲ 0.93
Brent (Sept): $68.80 ▲ 0.78
RBOB (Aug): $2.1522 ▲ 0.0336
ULSD (HO Aug): $2.4211 ▲ 0.0513
Key Spreads & Cracks
HO/Brent (Sept): $31.01 ▲ 1.90
RB/Brent (Sept): $19.40 ▲ 0.45
HO/WTI Crack (Aug): $33.76 ▲ 1.23
ULSD & Jet Physical Market Settles (LT & ME Contracts)
Colonial Pipeline Differentials:
ULSD 62g (C39): -5.60
Jet Fuel 54g (C40): -26.25
LT (ULSD) CME Blocks:
BALMO: -7.55
Q4 ’25 Avg: -10.34
Q1 ’26 Avg: -8.56
Q2 ’26 Avg: -6.23
Q3 ’26 Avg: -5.80
ME (Jet) CME Blocks:
BALMO: -23.63
Q4 ’25 Avg: -22.42
Q1 ’26 Avg: -20.00
Q2 ’26 Avg: -17.29
Q3 ’26 Avg: -17.50
RIN Futures
RIN Futures (Dec ’25)
D6 (Ethanol): $1.0897 ▼ 0.0153
D4 (Biodiesel): $1.1747 ▼ 0.0203
D5 (Advanced): $1.1650 ▼ 0.0225
D3 (Cellulosic): $2.1225 ▲ 0.0025
Freight Market Summary
Clean Tankers
Clean product tanker availability remains high in the U.S. Gulf, but steady demand into Latin America and the East Coast is helping to gradually clear the surplus. Despite the overhang, freight rates are holding firm as delays and risk-adjusted planning are increasingly seen as standard operating conditions.
Crude Tankers
Large crude carriers continue to reroute around the Middle East, particularly avoiding the Strait of Hormuz and the Red Sea. The longer paths via the Cape of Good Hope are tying up vessel supply and supporting firm rates, especially on Middle East-to-Asia lanes where demand remains steady.
LNG Shipping
Tight vessel supply and longer transit times are keeping LNG rates elevated. Many carriers remain cautious, steering clear of high-risk areas. This approach is extending voyage cycles and contributing to a tighter overall market, particularly in the Atlantic basin.
Geopolitical & Logistics Conditions
Traffic through the Strait of Hormuz is still operating at reduced capacity, as many vessels continue to slow or reroute out of caution. The Red Sea and Suez Canal remain underutilized, with most traffic defaulting to the longer route around Africa. Insurance costs and voyage durations remain elevated, reinforcing a freight environment that’s defined more by risk management than speed.
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Disclaimer
This article and its contents are provided by Liquidity Energy, LLC ("The Firm") for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC